Oil near bottom

krafty · Feb 4, 2016

Schroders is positive about oil and gold, but cautious on industrial metals due to concerns about consumption of those raw materials in China. Oil at $27 a barrel isn’t sustainable when producers are losing money, the fund manager said.

http://www.bloomberg.com/news/artic...e-seen-emerging-from-ashes-as-oil-near-bottom

winnipegjets · Feb 4, 2016

If you buy oil companies now, sure won't lose. It is a matter of time before it will go up.

If you trade them, you make more money in a short time.

greedy and cunning · Feb 4, 2016

winnipegjets said:
If you buy oil companies now, sure won't lose. It is a matter of time before it will go up.

If you trade them, you make more money in a short time.

The wide array of financial instruments in today's marketplace
are invention of the greedy angmo.

Most of them don't serve any economic functions
except to expropriate money from others.

It is rife with corruptions , excessive greed.

To play these games , you need very deep pocket
to survive and win.

lifeafter41 · Feb 4, 2016

krafty said:
Schroders is positive about oil and gold, but cautious on industrial metals due to concerns about consumption of those raw materials in China. Oil at $27 a barrel isn’t sustainable when producers are losing money, the fund manager said.

http://www.bloomberg.com/news/artic...e-seen-emerging-from-ashes-as-oil-near-bottom

Hi Kraft, how's things Down Under.......hope all is well with you

Not so fast on the price bottom though........as just saw this...

Shale Shock: Another Leg Lower In Oil Coming After Many Producers Found To Have Far Lower Breakevens

One of the great unknowns facing the US shale industry, and threatening the recurring rumors of its imminent demise, is how it is possible that despite the collapsing number of oil wells, and despite the plunge in crude prices which supposedly are well below all-in shale production costs, does production not only refuse to decline, but in fact has been largely increasing in the past 6 months, with just a modest decline in recent weeks...............

http://www.zerohedge.com/news/2016-...ter-many-shale-plays-found-have-far-lower-bre

krafty · Feb 11, 2016

i observe that oil has really reached its bottom, watch out for rebound! gold has bounced to USD1200 per ounce and oil, also known as black gold will follow suit. there is a correlationco's of USD.

po2wq · Feb 11, 2016

krafty said:
i observe that oil has really reached its bottom, watch out for rebound! ...

haf u closed ur shorts? ...

frenchbriefs · Feb 11, 2016

yes very excited about oil,right now i have 4k in xop and xle.hope they make me rich like in 2009.

bart12 · Feb 12, 2016

Oil won't hit bottom until you see wave of O&G bankruptcy!

krafty · Feb 13, 2016

oil has rebounded a little but hold your horses if you wanna long. too risky imho.:o

mojito · Feb 13, 2016

Near bottom? Ha! You buy lor! :rolleyes:

krafty · Feb 13, 2016

mojito said:
Near bottom? Ha! You buy lor!

i will remember what you say, just watch! :rolleyes:

blueRad · Feb 13, 2016

Mother Russia, Venezuela and oil exporting Arabian countries are feeling the heat. So I say cheap oil FTW.

mojito · Feb 13, 2016

krafty said:
oil has rebounded a little but hold your horses if you wanna long. too risky imho.:o

mojito said:
Near bottom? Ha! You buy lor!

krafty said:
i will remember what you say, just watch!

Aparantly you have forgotten what you just said. You really are FOS. :rolleyes:

krafty · Feb 13, 2016

mojito said:
Aparantly you have forgotten what you just said. You really are FOS.

you only know how to talk dragon, spit fire! tell us about your own analysis if you got the substance, i doubt you have it. :rolleyes:

krafty · Feb 15, 2016

yes! i was right after all. oil prices has started to climb. :cool:

Cestbon · Feb 16, 2016

One thing for sure. O&G down many USA enemy will when bankrupt.
Russia, Iran,Libya, Vene,Nigeria........................

Inlikely to bound to US$50/barrel in next 2 year.

Asterix · Feb 16, 2016

Can do a test short on Hantu futures now and add or hold till end of day with stop at slightly above double top ........

Asterix · Feb 16, 2016

Huat arh! Kachin, kachin, kachin ............... $$$$$$$$$$$$$$$$ ................... no time for ThrillSeeker, BytheWay and JahWhatTheFuck .................. $$$$$$$$$$$$$$

Vulture · Feb 16, 2016

Asterix said:
Huat arh! Kachin, kachin, kachin ............... $$$$$$$$$$$$$$$$ ................... no time for ThrillSeeker, BytheWay and JahWhatTheFuck .................. $$$$$$$$$$$$$$

see how naive and stupid u are exposing another clone after ginfreely.. so do reveal MORE :biggrin:

Asterix · Feb 16, 2016

Huat arh ............ break down of support ............... more $$$$$$$$$$$$$$$$

No time for ThrillSeeker and JahWhatTheFuck ............. :oIo:

Oil near bottom

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